The COVID-19 pandemic has resulted in some unique dynamics in Oklahoma’s housing sector, as many residents are spending more time in their homes than ever before, according to Chad Wilkerson, branch executive, vice president and economist at the Oklahoma City Branch of the Federal Reserve Bank of Kansas City.
"Even as higher unemployment, consumer caution and business restrictions wreaked havoc on some sectors in 2020, Oklahoma home sales, prices and construction boomed," he said. "At the same time, housing insecurity, past-due mortgages and risk of eviction have increased for other Oklahomans."
The complete issue is available at Oklahoma Economist.